Market Runner: Could Payment Data Systems, Inc. See a Reversal After This Very Strong Session?

October 19, 2016October 19, 2016Clifton Ray

The stock of Payment Data Systems, Inc. (NASDAQ:PYDS) is a huge mover today! About 221,761 shares traded hands or 103.57% up from the average. Payment Data Systems, Inc. (NASDAQ:PYDS) has risen 31.88% since March 16, 2016 and is uptrending. It has outperformed by 26.34% the S&P500.
The move comes after 6 months positive chart setup for the $33.94M company. It was reported on Oct, 19 by Barchart.com. We have $6.17 PT which if reached, will make NASDAQ:PYDS worth $41.07M more.

According to Zacks Investment Research, “Payment Data Systems is a service bureau clearinghouse in the electronic bill presentment and payment industry. Electronic bill presentment and payment is the process of presenting a bill in a secure environment on the Internet and facilitating payment of the bill utilizing an electronic transfer of funds. The company provides a scalable, branded, and secure end-to-end electronic bill presentment and payment solution, allowing billers to realize the advantages, while requiring significantly lower up-front costs, shorter lead times on initial implementation and upgrades.”

More notable recent Payment Data Systems, Inc. (NASDAQ:PYDS) news were published by: Globenewswire.com which released: “Payment Data Systems Launches Apple iOS Payment Processing SDK” on July 28, 2016, also Bizjournals.com with their article: “Payment Data Systems names new CEO from within” published on August 08, 2016, Globenewswire.com published: “Payment Data Systems Engages Preston Todd Advisors to Target Accretive …” on June 15, 2016. More interesting news about Payment Data Systems, Inc. (NASDAQ:PYDS) were released by: Globenewswire.com and their article: “Payment Data Systems Selected to Present at FinovateSpring 2016 in San Jose” published on May 05, 2016 as well as Globenewswire.com‘s news article titled: “Payment Data Systems to Report Second Quarter 2016 Financial Results on August 11” with publication date: July 28, 2016.

PYDS Company Profile

Payment Data Systems, Inc., incorporated on June 4, 1998, is engaged in the business of processing electronic payments for other companies including a range of automated clearing house (ACH) processing, credit, prepaid card and debit card processing. The Firm is an integrated payment solutions well-known provider offering a range of services to merchants, billers, banks, service bureaus, and card issuers. The Firm operates through two operating entities: Payment Data Systems, Inc. and FiCentive, Inc. Payment Data Systems, Inc. provides integrated electronic payment processing services to merchants and businesses, including credit and debit card processing services and transaction processing through the ACH network. The Company’s ACH processing services enable merchants or businesses to both disburse and collect funds electronically using e-checks to transfer funds instead of traditional paper checks. An e-check is an electronic debit to a bank checking account that is initiated at the point-of-sale, on the Internet, over the telephone, or through a bill payment sent through the mail, and e-checks are processed using the ACH network.